Financial services is the largest industry sector in St. Petersburg employing over 14,000 individuals in high-paying careers. The sector provides customers with wealth management, planning, and shared services support through three niches: security and asset management, insurance, and customer care. Security and asset management involves investment and commercial banking, insurance includes products for long-term financial planning, and customer care includes financial transactions processing and customer care centers.

As Florida’s financial services leader, St. Petersburg is a major exporter with billions in financial services-based exports annually. The city attracts many companies and employees with its desirable location, talented local workforce, and superb telecommunications infrastructure. Significant quality of life assets here include a scenic waterfront, thriving downtown, lively arts scene, and charming neighborhoods, all of which attract a young professional workforce with skills coveted by financial services firms.

Numerous institutions in the region help cultivate a sustainable, local workforce by offering many business and finance-related degree programs. Key institutions include the University of South Florida, St. Petersburg College, Eckerd College, and the University of Tampa. In downtown St. Petersburg, the University of South Florida - St. Petersburg unveiled their new state-of-the-art building Lynn Pippenger Hall to house the Kate Tiedemann College of Business in 2017. With several major firms based in St. Petersburg such as Raymond James and FIS, St. Petersburg is set to remain a leader in financial services.

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